World Bank

World Development Report 2014: Risk and Opportunity - Managing Risk for Development

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ISBN 13:
9780821399033
author:
World Bank
format:
Paperback
publisher:
World Bank Group Publications
language:
English
Publication Year:
2013
Pages:
360
Dimensions:
26.4 x 20.1 x 2.3 cm
Genre:
Business, Finance & Law, Economics, International Economics
Condition:
New
Availability:
Item usually sent within 10 working days
£31.20

Description

The World Development Report 2014: Risk and Opportunity-Managing Risk for Development This report explores how countries can manage risks to achieve development goals. Over the past 25 years, many countries have made significant progress in integrating into the global economy, reforming their economies, modernizing their technologies, and increasing democratic participation. As a result, stagnant economies are growing, people escaping poverty are enjoying improved living standards, and scientific and cultural sharing is on the rise. However, with these changes come opportunities and risks. If left unmanaged, these risks can turn into crises that reverse hard-won gains and threaten social and economic reforms. The report argues that the solution lies not in rejecting change to avoid risk, but in preparing for the opportunities and risks that change brings. By managing risks responsibly, countries can achieve security and progress. The report emphasizes the importance of a supportive social environment in managing risks, particularly when they are large or systemic in nature. It also highlights the value of sharing risk management with others to ensure success.

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